Subjective expected utility and career preferences
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TL;DR
Undergraduate psychology majors rated the relative preferability of eight psychological occupations, the probabilities that each occupation would lead to satisfactory levels of each of 18 kinds of outcomes, and the utilities of the outcomes.
Abstract
Undergraduate psychology majors rated the relative preferability of eight psychological occupations, the probabilities that each occupation would lead to satisfactory levels of each of 18 kinds of outcomes, and the utilities of the outcomes. The probabilities and utilities were used to compute subjective expected utilities (SEUs) for each of the occupations. Then, for each subject, the relative magnitudes of the SEU's were correlated with the relative preferability of the psychological occupations; the mean correlation was .83. Differences in utilities for subjects who preferred different psychological occupations also were examined.